Russia news

The Russian retailer has reported net profit of RUB 6.3bn for 2012 Strong year for Lenta following slow growth in 2011 The increase of just over RUB 5bn in income is significantly more than growth in 2011, when it only grew from RUB 1.16bn in 2010 to RUB 1.24 in 2011. By the end of the year, the retailer was operating 56 hypermarkets, an increase of nine stores. Expanding in Moscow ...

The Russian pharmacy chain has announced full year results for 2012 and outlined plans for the coming year. Sales reach RUB 14,899m Unaudited results show that the retailer generated sales of RUB 14,899m in 2012, which represents a 3% increase in year-on-year terms. At the end of the year, Pharmacy Chain 36.6 operated 842 stores across 24 regions in Russia , having opened 49 stores over th...

We look at the strategic priorities for leading European retailers - Carrefour, Lidl & Schwarz (Schwarz Group), Tesco, Auchan and Aldi - in 2013's difficult economic environment, and how they are driving growth.   Carrefour: will 2013 be a year of stabilisation? Carrefour’s new management team has launched initiatives to turn around its performance, including selectively exiting internati...

The Dutch supermarket chain is to invest around $100m in developing stores in Russia, with a focus on Moscow, according to Russian press reports. Reconstruction and store openings With Russia being a long-term priority market, SPAR’s local partner is investing $30m in reconstructing a...

The Finnish retailer has reported its full year results for 2012, announcing group sales of €9.7bn, up 2.4% year-on-year, and appears to have arrested the decline in operating profit in Q4. Grocery business delivers growth Kesko's grocery sales at K-Food, Kespro, and other grocery banners grew by 2.2% in Q4 and 3.1% for the full year, reaching €4.3bn in 2012. Sales of Pirkka  private label ...

Russian retailer, Maria-Ra, has announced its results for 2012 and is confident about the forthcoming year 32.7% revenue increase Maria-Ra has reported sales of RUB 40.8bn for 2012 which represents a 32.7% increase compared to last year. Consumer traffic also increased by 1.1% and the average basket spend grew by 8.3%. The retailer opened 132 new stores over the year, bringing its total s...

According to several press reports, Russia’s largest drugstore chain looks to be gearing up to merge with local rival, A5 Pharmacy Chain. Shares rocket Shares in the drugstore chain surged by more than 13% in one day amid rumours that it is about to merge with A5 Pharmacy Chain. If the merger comes to fruition, the deal is likely to be funded by $300m worth of new shares. Become signif...

The French retailer is planning on opening ten new stores in Russia in 2013. Successful year in 2012 The expansion of Auchan in Russia in 2012 was well executed, with the retailer opening eight hypermarkets and upgrading ten existing stores. Auchan invested RUB 7.5bn in organic growth during the year. Purchase of “Real” and expansion planned for 2013 Auchan announced the purchase...

Dixy announces revenue growth of 43.8% for the 2012 financial year. Encouraging year of growth Dixy’s consolidated full year sales for 2012 showed a 43.8% increase compared to the previous last year at RUB 147bn. Year-on-year sales increased by 20.8% on a pro-forma basis, including revenue from the acquisition of the Victoria Group chain in 2011. Convenience performing well Sales i...

Russian retailer O'Key has revealed net retail revenue of RUB115,922m for 2012, up 25.7% year-on-year, and revenue of RUB34,851 for Q4, up 24.5%. Dixy has also reported 2012 figures this week - click here for the details. Delivered on targets set Like-for-like sales were a particular highlight. Good progress in LFL sales throughout the year ended with growth of 7.5% in Q4. Average basket ...